Limits of TDS on commission should be raised to 50000.Current limit of Rs.2500 is very low.Also small saving agent & daily collection agent(pigmy)are to be exempted from TDS. 2) Limits for Deduction U/s.80 c should be Rs.200000. 3) pl.make Income tax return forms SARAL & easy to filing.Small businessman does not need 21pages return form &all shedules in it. 4) TDS rules are very hectic &harrasing common man.please raise all TDS limits &make it simple.
Limits of TDS on commission should be raised to 50000.Current limit of Rs.2500 is very low.Also small saving agent & daily collection agent(pigmy)are to be exempted from TDS. 2) Limits for Deduction U/s.80 c should be Rs.200000. 3) pl.make Income tax return forms SARAL & easy to filing.Small businessman does not need 21pages return form &all shedules in it. 4) TDS rules are very hectic &harrasing common man.please raise all TDS limits &make it simple.
The new TDS rule of 20% TDS on interest if PAN is not provided & PAN is compulsory for Form 15G & 15H are the rules aimed at harrasing the common man & senior citizen. When income is exempted upto Rs.150000/- but TDS on interest starts at Rs.10000/-. Finance Minsiter has to unearth the black money involved in real estate, share market and big bank balance in SB & Current A/c's. Please advice him to fish in a big sea ratther than in small pond where nothing is available.
The Government cannot leave individuals without taxing. Why not it standardize all tax rates at 5% (both direct and indirect taxes) without any hazzle of deduction, holiday, exemption, etc. Bring agriculture tax also into picture. For any of the tax source, tax levided by both central and state governments, should not exceed 5%. All citizens should be made to file a tax return irrespective of their income. Will save billions of rupees to exchequer.
Upto Rs.10 lacs, no tax. Rs.10 lacs to Rs.50 lacs, 35% tax. Above Rs.50 lacs, 50% tax. Include fringe benefits. Remove long term and short term capital gains and include in the above.
Reduce service tax percentage. After paying my income tax, i have to pay service tax for everything which is more than my actual income tax per month. Why dont my employer pay me a service tax, am also offering service to them. is that right?
Re: Service Tax
by Manish Nandgaonkar on Feb 13, 2010 10:53 PM Permalink
Ultimately it all comes to end customer. Every one book theoru profit except the salried class. How many restaurant owners pay tax and even if they how much?
Reduce service tax percentage. After paying my income tax, i have to pay service tax for everything which is more than my actual income tax per month. Why dont my employer pay me a service tax, am also offering service to them. is that right?
It has been more than a month I applied for redemption and reliance mutual fund has not credited the amount. All profits they show are perhaps not true.
Re: never invest with reliance mutual fund
by ananth prasad on Feb 13, 2010 04:13 PM Permalink
hello satyenra,,it can not happen that way,, there must be something wrong..can u just check onceagain please
Re: never invest with reliance mutual fund
by ananth prasad on Feb 13, 2010 04:12 PM Permalink
hello satyenra,,it can not happen that way,, there must be something wrong..can u just check onceagain please
